China Agri buys Cofco oilseeds and corn business

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    China Agri-Industries Holdings Limited has agreed to acquire the oilseeds and corn processing businesses, and related assets, from its controlling shareholder…

    China Agri-Industries Holdings Limited has agreed to acquire the oilseeds and corn processing businesses, and related assets, from its controlling shareholder COFCO (Hong Kong).

    The total purchase price was approximately HK$1.1 billion (US$141.9 million) which will be raised by a combination of cash and the issuance of around 264 million shares in China Agri.

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